Curve Finance

Curve is the dominant AMM for pegged-asset swaps (stablecoins, wrapped tokens, LSTs). Its StableSwap invariant concentrates liquidity around peg, delivering 10-100x lower slippage than constant-product AMMs for like-kind assets. CryptoSwap (Tricrypto) extends this to volatile pairs. The protocol also issues crvUSD, a stablecoin backed by LLAMMA — a soft-liquidation mechanism that gradually converts collateral instead of instant liquidation. CRV emissions are directed to liquidity gauges via vote-escrowed CRV (veCRV).

All Curve pool contracts are written in Vyper. ABI encoding is identical to Solidity — viem works without modification.

What You Probably Got Wrong

Curve is one of the most commonly mis-integrated protocols. Each pool type has different interfaces, and token ordering is deployment-specific.